the rennie review - November 2022

north vancouver CONDO -OCTOBER 202

SALES TO LISTINGSRATIO 32% SELLERS'M ARKET

▶ MARKETSUMMARY Therewere272 condolistingsin N orth Vancouverin O ctober,3% aboveSeptem berand 31% higherthan October2021. O ctobercondosalesincreased by54% m onth-over-m onth,to 88,and were35% below O ctober 2021. Thesales-to-listing ratio forcondosin N orth Vancouver, at32% ,reflected aselers'm arket. Thecondom edian pricein Octoberwas$652,500,a8% decreasefrom Septem berand 7% below O ctober2021. Theaveragesold pricewas$719,294,13% below last m onth;theaveragePSF salepricewas$916,down 2% to lastm onth.

AVERAGEPRICE

AVERAGE PSF PRICE ▲ 4% VS 2021

MEDIAN PRICE

TOTALLISTINGS

SALES

▼ 10% VS 2021

▼ 7% VS 2021

▲ 31% VS 2021

▼ 35% VS 2021

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No. 65% 135 208

% Change

No.

% Change

TOTALLISTINGS TOTALSALES

$916 $719,294 $652,500 32% 88 272

4% -10% -7% -50% -35% 31%

$936 $823,279 $712,000 22% 57 264

-2% -13% -8% 50% 54% 3%

SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF

$883 $795,115 $705,000

▶ AVG PRICEPERSQUAREFOOT

▶ RECENTTRENDS

● OCT 2021 ● OCT 202

● SALES ● TOTALINVENTORY ● MEDIAN PRICE

272

254

235

264

219

193

208

178

209 152

207

162

162

132

135

104

135

133

124

104

88

96

87

61

57

$800K $807K $853K

$788K $814K $805K

$723K $700K $712K

$705K $710K $755K

$653K

NORTH VANCOUVER REBGV

▶ NUMBEROFBEDROOMS

▶ TOTALLISTINGS&SALESBYPRICERANGE

SEL ERS'MARKET 21% +

BALANCED 12 - 20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY

● SALES ● TOTALINVENTORY ● S-L RATIO

70

4+ bdrms

60

3

81%

50

3

40

3 bdrms

25

47%

30

40%

31

20

2 bdrms

20% 18%

168

14%

10

5% 6%

0

54

<$400K $400-599K $600-799K $800-999K $1.0M -1.24M $1.25M -1.49M $1.5M -1.99M $2M +

<2 bdrms

S-L RATIO SALES INVENTORY

5 2 40%

42 34 81%

64 30 47%

71 10 14%

30 6 20%

22 4 18%

20 1 5%

6%

76

18 1

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